
Family Business Matters
Being in business with family can have a certain allure based on shared values and high trust. But, being in business together can be full of peril because of the different nature of family and business systems.
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange extended higher in...
Energy Information Administration data released midmorning detailed a 2.2% hike in ethanol blending activity in the United States, a measure of...
This week our View From the Cab farmers review their machinery lineups and assess crop needs to finish out the year.
Lance Woodbury is an adviser to family-owned and closely held businesses, including farm businesses. He helps them plan for the future and implement ownership or management strategies that improve their effectiveness.
He also has an interest in his family's ranch near Garden City, in western Kansas.
From 1996 to 2009, Lance led the family-business-consulting efforts of the regional accounting firm Kennedy and Coe. He also managed several offices, led the firm's largest practice group, and served on the firm's management board and its human resource committee.
Lance earned his MBA from Purdue University, his MS in Conflict Analysis and Resolution from George Mason University, and a BA in History and Government from Sterling College. He is a graduate of the Kansas Agriculture and Rural Leadership program and holds a Certificate in Family Business Advising. Lance is a member of the Association for Conflict Resolution and is a Fellow of the Family Firm Institute.Being in business with family can have a certain allure based on shared values and high trust. But, being in business together can be full of peril because of the different nature of family and business systems.
Non-family members can bring out the best in your closely held company.
Four factors to determine the benefits of a family farm operation.